Austin Condos

Recent news in the Austin American Statesman and Austin Business Journal have announced plans by Kline Ventures to convert old apartments at 2020 South Congress into Condos for sale, priced between $96,000 - $196,000. In comparison with other condo units be built in the area, from the ground up the price is very appealing. Think about the options one could use these for (second home or lease property, within a stone's through from the entertainment area of SoCo. Now I have not done my full research on the project as of yet, but one could imagine a second home that can be rented to artists and festival goers alike while not in use. Or rented, and possibility of immediate cash flow with the right money down. All of us Austinites are well aware of the demand for affordable rental property in the area, and think possibly you might be able to make money to boot!

Check out the articles and feel free to add anything you might know about the project


http://www.statesman.com/business/content/business/stories/realestate/02/22/0222condos.html

http://austin.bizjournals.com/austin/stories/2008/02/18/daily26.html?surround=lfn